Correlation
The correlation between SMIG and XMHQ is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SMIG vs. XMHQ
Compare and contrast key facts about Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Invesco S&P MidCap Quality ETF (XMHQ).
SMIG and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMIG or XMHQ.
Performance
SMIG vs. XMHQ - Performance Comparison
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Key characteristics
SMIG:
0.47
XMHQ:
-0.16
SMIG:
1.00
XMHQ:
0.05
SMIG:
1.12
XMHQ:
1.01
SMIG:
0.56
XMHQ:
-0.07
SMIG:
1.62
XMHQ:
-0.19
SMIG:
6.61%
XMHQ:
8.94%
SMIG:
17.66%
XMHQ:
22.96%
SMIG:
-19.65%
XMHQ:
-58.19%
SMIG:
-9.86%
XMHQ:
-10.74%
Returns By Period
In the year-to-date period, SMIG achieves a -1.52% return, which is significantly lower than XMHQ's -1.07% return.
SMIG
-1.52%
1.58%
-8.86%
8.22%
8.55%
N/A
N/A
XMHQ
-1.07%
2.68%
-9.77%
-3.59%
13.92%
15.10%
11.05%
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SMIG vs. XMHQ - Expense Ratio Comparison
SMIG has a 0.60% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
SMIG vs. XMHQ — Risk-Adjusted Performance Rank
SMIG
XMHQ
SMIG vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Invesco S&P MidCap Quality ETF (XMHQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
SMIG vs. XMHQ - Dividend Comparison
SMIG's dividend yield for the trailing twelve months is around 1.80%, less than XMHQ's 5.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.80% | 1.75% | 1.91% | 2.01% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMHQ Invesco S&P MidCap Quality ETF | 5.25% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% |
Drawdowns
SMIG vs. XMHQ - Drawdown Comparison
The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for SMIG and XMHQ.
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Volatility
SMIG vs. XMHQ - Volatility Comparison
The current volatility for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is 4.47%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 5.83%. This indicates that SMIG experiences smaller price fluctuations and is considered to be less risky than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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